Benchmark Raises Baidu (BIDU) Price Target to $215, Citing Kunlun Spinoff and Robotaxi Value

Baidu, Inc. (NASDAQ:BIDU) is one of the Must-Watch AI Stocks on Wall Street. On January 12, Benchmark analyst Fawne Jiang raised the price target on the stock to $215.00 (from $158.00) while maintaining a “Buy” rating. Firm analysts view the Kunlun spinoff and Robotaxi valuation reset as key catalysts for SoTP re-rating. Baidu recently announced  a proposed spinoff and separate listing of Kunlunxin (Beijing) Technology Co., Ltd., a non-wholly owned subsidiary of the Company, on the Main Board of the Hong ...